Jessica Simpson regains full ownership of billion-dollar namesake fashion brand
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Jessica Simpson is back helming her billion-dollar brand.
The singer and actress, 41, is once again in charge of her popular Jessica Simpson Collection after its parent company, Sequential Brands Group Inc., filed for Chapter 11 bankruptcy protection back in August.
Since the filing, Simpson and her mother, Tina Simpson, have been hard at work behinds the scenes getting the actress and singer her company back as she only owned just over a third of the brand – 37.5% – at the time Sequential Brands Group Inc. purchased a majority share from Camuto Group in 2015.
"It means the absolute world to me to be able to take over complete ownership of my brand," Simpson told Footwear News.
JESSICA SIMPSON SEEKS TO BUY BRAND BACK FROM BANKRUPT SEQUENTIAL BRANDS FOR $65M: REPORT